Clarus Corp. President John Walbrecht departs; role not filled

Clarus Corp

Mutual termination effective March 31, 2023; company will not fill President role.
37,500 restricted shares vesting accelerated from Jan 2024 to effective date.
Option exercise extended from 90 to 180 days: 500,000 at $6.80, 266,667 at $15.15.
Separation agreement includes one-year non-compete and two-year non-solicitation.
Walbrecht retains laptop with confidential info removed; gets BDEL employee discount.

item 1.01 item 1.02 item 5.02 item 9.01

Executive movements

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Departed

John Walbrecht

President

CLAR · Clarus Corp

Effective: 2023-03-31
Filed: April 4, 2023, 7:59 PM ET

The disclosure set forth in Item 1.02 of this Report with respect to Mr. Walbrecht is incorporated into this Item 5.02 by reference. The Company does not anticipate filling the role of President of the Company at this time.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

John Walbrecht departed as President at Clarus Corp.

Action: departed
Role: President

Exact text from the filing

The disclosure set forth in Item 1.02 of this Report with respect to Mr. Walbrecht is incorporated into this Item 5.02 by reference. The Company does not anticipate filling the role of President of the Company at this time.

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Clarus Corp filing history →

Source: SEC EDGAR

accession 0001104659-23-041509

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